ChronoScale business combination with EKSO Bionics
Company: Applied Digital
The claim, verbatim
Proposed business combination of Applied Digital Cloud business with EKSO Bionics Holdings, Inc. to form ChronoScale Corporation, with Applied Digital expected to own approximately 97% of combined entity and expected to close in Q4 fiscal 2026
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) ("EKSO") to form ChronoScale Corporation, a dedicated accelerated-compute platform for GPU-optimized AI infrastructure (the "Business Combination")... The proposed Business Combination is subject to the receipt of customary regulatory approvals and satisfaction of closing conditions and is expected to close in the fourth fiscal quarter of 2026.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release's Cloud Services section states the proposed combination, the roughly 97% expected ownership and the expected fiscal Q4 2026 close.
Confirmed in the source:
- Applied Digital proposed a business combination of its cloud business with EKSO Bionics Holdings, Inc. to form ChronoScale Corporation
- Applied Digital is expected to own approximately 97% of the combined company
- The combination is expected to close in the fourth fiscal quarter of 2026
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/148/applied-digital-reports-fiscal-third-quarter-2026-results/) in full (47,470 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) ("EKSO") to form ChronoScale Corporation, a dedicated accelerated-compute platform for GPU-optimized AI infrastructure (the "Business Combination")... The proposed Business Combination is subject to the receipt of customary regulatory approvals and satisfaction of closing conditions and is expected to close in the fourth fiscal quarter of 2026.”